10 Item 10 The diagram shows a graph that plots price in the vertical axis versus quantity in the horizontal axis.The horizontal axis labeled quantity ranges from 0 to 290. The line break is on the horizontal axis between 0 and 130. The vertical axis labeled price ranges from $ 0 to $ 1.60. The supply curve is a rising straight curve that passes through the points (130, $ 0.50), (200, $ 1.00), and ends at (290, $ 1.60). The demand curve is a falling slight curve that passes through the points (130, $ 1.6), (200, $ 1.00), and ends (290, $ 0.50). Refer to the diagram. A surplus of 160 units would be encountered if the price was Multiple Choice $1.10, that is, $1.60 minus $.50. $0.50. $1.00. $1.60